Accession Number:

ADA029655

Title:

Approximations of Two-Attribute Utility Functions

Descriptive Note:

Interim rept.

Corporate Author:

PENNSYLVANIA STATE UNIV UNIVERSITY PARK COLL OF BUSINESS ADMINISTRATION

Personal Author(s):

Report Date:

1976-09-01

Pagination or Media Count:

61.0

Abstract:

This report considers the assessment of von Neumann-Morgenstern utility functions u defined on two attributes from the viewpoint of mathematical approximation theory. It focuses on approximations v of u that can be written as vx,y f1xg1y ... fmxgmy where the fi andor gi are based on single-attribute conditional utility functions. The paper does not rely on independence axioms that enable ux,y to be expressed in simplified forms when they are valid.

Subject Categories:

  • Theoretical Mathematics

Distribution Statement:

APPROVED FOR PUBLIC RELEASE